By Admin 
Bharat Coking Coal IPO: Bharat Coking Coal, a subsidiary of Coal India, the country’s largest government company related to coal mining, is coming up with its IPO. The company has filed a red herring prospectus with the Registrar of Companies to launch its initial public offering (IPO) on January 9. This will be the first IPO of Mainboard Segment 7 for the year 2026.
The IPO of Bharat Coking Coal is completely offer-for-sale based, under which the promoter Coal India will sell its 46.57 crore shares. That means the entire money received from IPO will go to Coal India. The company is not going to benefit from this.
Purpose of bringing IPO
“The objective of the IPO is to complete the offer-for-sale and to take advantage of the listing of equity shares on the stock exchange,” Bharat Coking Coal said in its RHP filed on January 2.
This offer is 10 percent of the total paid-up equity capital, in which 2.32 crore equity shares have been reserved for the company’s employees and 4.65 crore shares have been reserved for shareholders. Anchor investors will be able to bid on January 8, a day before the opening of the IPO. Whereas for retail investors this issue will remain open till January 13 and shares are expected to be allotted by January 14. l
How much is GMP?
The company plans to raise Rs 13,000 crore through IPO, due to which its value will increase to Rs 13,000 crore before listing. Here, long before the launch of the IPO, its shares are rising rapidly in the unlisted market. At present the gray market premium (GMP) of BCCL shares is around Rs 11-14. BCCL had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on June 5, 2025 and received regulatory approval on September 19, 2025.
Company formed in 1972
BCCL, formed in 1972, is a mini Ratna company, which mines and supplies different grades of coking coal, non-coking coal and washed coal. This especially helps the steel and power industries. Jharia Coalfield in Jharkhand and Raniganj Coalfield in West Bengal are among its 34 operational mines, which are the only significant sources of prime coking coal in India.
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